
Circumventing the taxman is more difficult now, but compliance is much easier.
Even as the number of ITRs have increased 14% in four years through FY23, the number of zero tax ITR…
Interest earned on joint accounts are taxable in the hands of both primary and secondary account holders.
While filing a return of income one must disclose income from all sources, irrespective of the amount, else at the…
Bank statements offer a detailed overview of all financial transactions
Income Tax Return (ITR) Filing for Small Business: The ITR-3 form has primarily three parts – Part A, Schedules and…
Cases of specific tax evasion, no return to notices some of the parameters
There are more chances of scrutiny for ITRs filed after the due date
Which tax regime is best? it is necessary for employees to intimate their tax regime choice to employers, failing which…
In the hands of government employees, gratuity and PF receipts on retirement are exempt from tax.
Equity investors must look at tax harvesting before March 31 to reduce their long-term capital gains (LTCG) tax liability.
An intermediate or final dividend is an extra income earned by a stock market investor that does not need the…
Taxpayers earning just a little above the Rs 7 lakh income tax rebate limit in the new concessional regime could…
Section 54 allows deduction of capital gains reinvested in a new residential property purchased within two years from the date…
A notice under Section 131 of the Income Tax Act is received when the Assessing Officer has reason to suspect…
There are several rules and provisions for capital losses under the Income Tax Act. As a result, taxpayers should be…
A separate schedule for virtual digital assets has been provided that requires details like date of acquisition, date of transfer…
In Budget 2023-24, the government sweetened the New Tax Regime (NTR) and exhorted tax-payers to switch over from the Old…